low grades, page-32

I think some numbers and explanations from the company would be helpful at this stage.

Company is looking to borrow 35mil to build an asset.
How much is the processing plant going to cost?
Previously the amount tossed about was 12mil, (from memory).
So it would appear, unless there is a huge cost over-run the 35mil will be for the plant and other things as well.
Such as working capital, further exploration, possible acquisition, other project such as zinc in US.

As for the processing plant, it will probably pay for itself in time as long as there is enough work for it. The processing cost KMC currently pays to Barrick will go towards repaying the interest and loan.
I trust the management enough to believe they would not have chosen the more expensive option.
Why would they do that? They could continue trucking the dirt to the processing plant as they do now, if it was cheaper.
Lets give them some credit for intelligence.

There must be more to it, why do they go for 35mil, and we will find it in time.
I would say that whatever it is, they need to keep their cards close to their chest, in order to make it worth while.